GEM: A New International Macroeconomic Model

Tamim Bayoumi · Hamid Faruqee · Douglas Laxton · Philippe Karam · Alessandro Rebucci · Jae Wook Lee +2 more

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Global Financial Crisis and Policies Monetary Policy and Economic Impact Economic theories and models

Abstract

This paper provides a nontechnical overview of the Global Economic Model (GEM), a new multicountry model based on strong microeconomic underpinnings developed in the Research Department of the International Monetary Fund.GEM was, above all, a collaborative effort.The idea

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